Purchasing With Federal Funds: How To Adhere To 2 CFR 200

Will your procurement errors lead to a loss of funding? Learn how to adhere to federal Uniform Guidance.

With federal stimulus, infrastructure, and COVID-19 grant funds flowing to nonprofits, procurement rules are becoming increasingly important. Regulators are focusing on key requirements, like purchasing, to ensure that organizations follow the requirements. Before wrapping up the year, you must confirm your procurements have followed federal rules.

Nonprofits have been operating under Uniform Guidance (2 CFR 200) for more than a year, yet you may not have fully embraced the new standards in your policies and purchasing actions. A procurement action that uses the wrong dollar threshold, states the incorrect procurement method, or fails to have sufficient competition is at-risk for being disallowed, requiring your organization to return the funds.

• What are the procurement standards of Uniform Guidance (2 CFR 200)
• What changes must you understand and incorporate?
• What key risks are involved with federally funded purchase actions?
• What gold standard for nonprofit procurement policies should you use?
• Where can you find policy examples?
• How should you handle recurring, specific procurement challenges?
• What are the best practices for nonprofit procurement?

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